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Apex Silver Mines (SIL) Trading Near $30.74 Resistance Level

May 16, 2018 ( via COMTEX) --'s patented trade-picking algorithms have identified an attractive covered-call trade on Apex Silver Mines (<a href="">SIL</a>). Look at the Jul 20, 2018 $30 covered call for a net debit in the $29.10 area.<br /> <br /> This trade has a duration of 65 days. The break-even point of this trade is the same as the net debit, which gives this trade 4.11% downside protection. If the stock closes at or above $30 at expiration this trade will return 3.09% or 17.36% (for comparison purposes only). <br /> <br /> SIL closed May 15, 2018's trading session at $30.35. In the past year, the stock has hit a 52-week low of $28.21 and 52-week high of $37.30. Apex Silver Mines stock has been showing support around $30 and resistance in the $30.74 range. Recent technical indicators for the stock are bearish.

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